Translation of "Ordonnance sur les banques " (French → English) :

Ordinance of the Swiss Federal Banking Commission on Foreign Banks in Switzerland of March 22,1984

Ordinance of 21 October 1996 on Foreign Banks in Switzerland | Foreign Banks Ordinance [ FBO ]

Ordinance of 17 May 1972 on Banks and Savings Banks | Banking Ordinance [ BankO ]

Ordinance of 18 March 2004 to the Federal Act on the National Bank | National Bank Ordinance [ NBO ]

central bank [ bank of issue | federal bank | national bank ]

all-purpose bank | combined commercial and investment bank | full-service bank | multibank | multi-purpose bank | non-specialized bank | universal bank

development bank [ regional development bank ]

bank counter clerk | teller coordinator | bank cashier | bank teller

all-purpose bank | multiple bank | multipurpose bank | universal bank

EU Commissioner in charge of competition policy, Margrethe Vestager, said: "The Commission's decisions enable the four banks' orderly exit in a way that minimises the use of public funds and any competition distortions resulting from the measures.

624 (1) Where control of the assets of an authorized foreign bank has been taken under subparagraph 619(1)(b)(i) or (ii) and the control expires or is relinquished under section 620 or paragraph 622(a), the Superintendent may direct that the authorized foreign bank be liable for repayment of all or part of the expenses resulting from the taking of control of the assets and assessed against and paid by other authorized foreign banks and by banks under section 23 of the Office of the Superintendent of Financial Institutions Act, together with any interest in respect of the expenses at any rate that is specified by the Superintendent.

654 (1) Where the Superintendent has taken control of a bank pursuant to subparagraph 648(1)(b)(iii) and the control expires or is relinquished pursuant to section 650 or paragraph 652(a), the Superintendent may direct that the bank be liable for repayment of all or part of the expenses resulting from the taking of control of the bank and assessed against and paid by other banks and by authorized foreign banks pursuant to section 23 of the Office of the Superintendent of Financial Institutions Act, together with any interest in respect of the expenses at any rate that is specified by the Superintendent.

These changes will: clarify that a court is not required to make a data bank order when advised that the person's DNA profile is already in the data bank; authorize provincial court judges to endorse data bank orders granted in other provinces; repeal the provisions allowing a person to express a choice on the type of DNA sample to provide; and ensure that new samples of bodily substances are collected whenever a data bank order is imposed.